ADI Global Distribution Inc. Completes Separation from Resideo; Lists on NYSE

What Happened
ADI Global Distribution Inc. (ADI) filed an 8‑K to report the completion of its separation and distribution from Resideo Technologies, Inc. The Separation and Distribution Agreement and related transition agreements with Resideo were entered July 31, 2026, and the Distribution closed August 3, 2026. Following the Distribution ADI became an independent public company trading on the NYSE under the ticker “ADIG.” ADI also completed debt and financing steps (including a supplemental indenture and funding of a $600 million term facility) and paid a $900 million one‑time cash dividend to Resideo as partial consideration for contributed assets.

Key Details

• Distribution closed August 3, 2026; record date for the Distribution was July 20, 2026. ADI common stock was distributed to Resideo common stockholders (1 ADI share per 2 Resideo shares).
• ADI issued 150,000 shares of Series A Cumulative Convertible Participating Preferred Stock to Resideo as partial consideration; those shares were issued in a private (unregistered) transaction.
• ADI Funding assumed $400 million aggregate principal of 7.125% Senior Notes due 2034 (proceeds released from escrow) and ADI drew the $600 million Term Facility; a portion of these proceeds, together with note proceeds, funded a $900 million cash payment to Resideo.
• Governance and operational transition: ADI expanded its board from 2 to 8 directors effective at the Distribution, adopted a Code of Conduct and Corporate Governance Guidelines, and entered Employee Matters, Tax Matters, Transition Services and IP Matters agreements with Resideo. ADI also entered registration rights and shareholders agreements with CD&R investors.

Why It Matters
This 8‑K documents ADI’s formal independence as a publicly traded company and the capital and governance foundation for its standalone operations. Investors should note the company’s new capital structure (7.125% senior notes and a $600M term loan), the issuance of preferred stock as part of the deal consideration, and the series of agreements with Resideo and CD&R that govern operations, taxes, employees and shareholder rights after the split. These are material items that affect ADI’s financing costs, obligations, and corporate governance as it begins trading as ADIG.